Outdoor Industry Association (OIA) announced the association’s endorsement of U.S. Senator Maria Cantwell for re-election because she is a longtime champion of the outdoor industry and actively works to bolster Washington state’s $26.2 billion outdoor recreation economy and the 201,000 jobs it supports.
Author: SGB Media
New Zealand’s Kathmandu Sees 12 Percent Revenue Gain In Fiscal Year
Kathmandu Holdings Limited, the New Zealand and Australia-based outdoor retailer that recently-acquired the Oboz footwear brand, reported net earnings rose 32.9 percent in the year ended July 31 on an 117 percent revenue gain.
Deloitte Study Finds Consumers Collecting More Personal Health Data
The number of U.S. consumers tracking their health data with wearables has more than doubled since 2013 while they are also becoming more engaged in their own health care through technology and data sharing, according to new research from the Deloitte Center for Health Solutions.
Timberland Renews Eyewear License
Marcolin Group, one of the world’s leading eyewear companies, and TBL Licensing LLC, announced the early renewal of the licensing agreement for the design, production and worldwide distribution of Timberland optical frames and sunglasses.
Fabletics Collection To Benefit MindUP
Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013, announced the first partnership between Hudson and her mother, actress Goldie Hawn, to launch a global capsule collection in support of The Goldie Hawn Foundation’s MindUP.
Moody’s Upgrades G-III Apparel Debt Ratings
Moody’s Investors Service upgraded G-III Apparel Group Ltd.’s senior secured term loan to Ba3 from B1, and the company’s speculative grade liquidity rating to SGL-2 from SGL-3. At the same time, Moody’s affirmed the company’s Ba3 corporate family rating (CFR) and Ba3-PD probability of default Rating (PDR). The ratings outlook is stable.
Johnson Outdoors Announces Increase In Cash Dividend
Johnson Outdoors Inc. announced approval by the company’s Board of Directors of a quarterly cash dividend of 14 cents per class A share and 12.73 cents per class B share.
Shareholders Win Vote Urging Smith & Wesson Maker To Review Safety Efforts
Investors in American Outdoor Brands Corp., the parent of Smith & Wesson, on Tuesday won a shareholder vote urging the firearms maker to do more to address gun violence. The proposal asks the company to track shootings involving their products and consider investing more in technology to prevent their unauthorized use. Nearly 70 percent of investors in Sturm, Ruger & Co. backed a similar shareholder proposal at that company in May.
Perry Ellis Files Investor Presentation In Connection With Feldenkreis Transaction
Perry Ellis International Inc. in a regulatory filing urged shareholders to approve the acquisition led by George Feldenkreis at special shareholder meeting in October.
Nike’s Momentum Continues In Q1
Nike Inc. reported double-digit revenue growth in the first quarter ended August 31. The performance was driven by the continued success of the Consumer Direct Offense, which fueled growth across all geographies as well as wholesale and Nike Direct, led by digital.
Target Decorated Apparel Appoints President
Target Decorated Apparel, a leading contract decorator for the promotional products and retail industries, announced that Kevin Schardt has been appointed president. Schardt will assume the role previously filled by Target Decorated Apparel owner and chairman, Steve Kanney.
Association of Outdoor Recreation and Education Assumes Ownership Of Outdoor Nation Campus Challenge Program
With support from the Outdoor Industry Association (OIA) and specifically the Outdoor Foundation (OF), the Association of Outdoor Recreation and Education (AORE) will assume ownership of the Outdoor Nation Campus Challenge (ONCC) in the fall of 2018 and will work alongside OF staff to seamlessly transition assets, knowledge and resources.
Businesses Unite As Conservation Program Faces Expiration
The Conservation Alliance and Outdoor Industry Association released a letter Monday signed by more than 280 outdoor-focused businesses and organizations asking Congress to permanently reauthorize the Land and Water Conservation Fund (LWCF) with full and dedicated funding.
Nordstrom To Reopen Doors At Mall Of San Juan
Retailer Nordstrom Inc. on Tuesday announced plans to reopen the company’s store at the Mall of San Juan in Puerto Rico. Closed since fall 2018 as a result of severe damage from Hurricane Maria, the two-story, 138,000-square-foot store will open again to customers on Friday, November 9, 2018.
Unifi Appoints Helen M. Sahi Vice President, Global Corporate Sustainability
Unifi Inc. on Tuesday announced the appointment of Helen M. Sahi as vice president, global corporate sustainability, effective September 17.
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